Israel’s Tower Semiconductor ties up with Adani group for  billion chip project in India
semiconductor

Israel’s Tower Semiconductor ties up with Adani group for $10 billion chip project in India

NEW DELHI (Reuters) – Israel’s Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10.01 billion) for a semiconductor project in India’s western state of Maharashtra, its chief minister said in a post on X on Thursday.

Two new electric vehicle manufacturing units will also be set up in the state, with Skoda-Volkswagen investing 150 billion rupees while Toyota-Kirloskar will dole out 212.73 billion-rupee for its plant.

($1=83.9020 Indian rupees)

(Reporting by Sakshi Dayal and Tanvi Mehta; Editing by Clarence Fernandez)

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